Posted 4 months ago on Nov. 6, 2018, 7 a.m. EST by elf3
(4060)
This content is user submitted and not an official statement

Tired of rents higher than mortgages? Tired of extortion rental rates? Tired of renting instead of having a piece of the pie? Tired of living in your parents basement? Tired of corporations and businessmen coming into your town and buying up all the single family homes so they can rent them to you? Worse yet Australian, Chinese, Saudi businessment and corporate groups?

That's right kids. The law allows LLC from anywhere in the world to come in to monopolize our housing. To raise rental rates to extreme degrees. To extort our own.

And apparently we are so fucking stupid as a nation that instead of changing it...we get 4 roomates, we work 3 jobs, we go without things we need like 3 squares a day to pay it and we long for our own tiny house shacks! Just to really kick us in the teeth we have to contribute tax dollars to subsidize the insane rental rates since our pay has stagflated for the last 20 years.

Housing is the economy stupid. And you are locked out not because you are some broke asshole...you are broke because of housing and land hoarding assholes. BUT WE CAN CHANGE IT!

Tax Landlords Corporate Business Property Tax Rates! Get Corporations out of single family homes. Set limits on the amount of property designated as rentals in every town usa. We can take this back. We got this. Young citizen...demand what belongs to you! Take it back!

4 Comments

Your government authorized Federal Reserve Bank gives money to the corporations that buy up real estate and drive up the price. They rent to you at such a high rate you can never get ahead enough to buy. But then what do you really own with perpetual mortgages.

Very true but if you have a fixed interest rate your payment is fixed for the next 30 years. This stabilizes your housing cost and as the economy grows against your fixed payment you end up with more disposable income which feeds the economy as well as grows jobs for the next generations. And when you are elderly it is presumable that it will be paid off further decreasing cost of living when you are too old to work. Then when you die theoretically housing should open up and be affordable to the next generations. Only now the landlorization of that system has disrupted that system which contributed to a healthy middleclass. Add in reverse mortgages that boomers wont be able to resist living it up, new cars, vacations, over leaving them to their kids. Investors now buy housing to rent it. Average people cant compete on bids. They end up renting what would have cost them half as much per month to own since rents go up every year over their lifetimes...they will be shelling out possibly four times or more on what they would have spent on a home with interest. So something has to stop this. Once upon a time renting was a fairer system. It was cheaper not more expensive than a mortgage. You could save a down payment. It worked out. Greed got in the way. Fine there may always be that, but when we realize the system is allowing our citizens to be plundered and pillaged...then we need to take measures to regulate it. Rent control over subsidies, commercial rates on non owner occupied, limiting corporations and investors from turning single family homes into rentals. It can be done and should.